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| Title: | | The role of biology and culture in Veblenian consumption dynamics  |
| Authors: | | Cordes, Christian |
| Issue Date: | | 2007 |
| Series/Report no.: | | Papers on economics and evolution 0713 |
| Abstract: | | This paper incorporates aspects of humans evolved cognition into a formal model of cultural evolution and scrutinizes their interactions with population-level processes. It is shown how the biased transmission of different kinds of behavior via cultural learning processes influences agents consumption behavior. Thereby, the models learning dynamics are capable of generating typical Veblenian consumption dynamics. Based on these insights, the paper then scrutinizes on the role of humans biological heritage and Darwinian concepts in the development of economic theories in general. Moreover, the relation of the ontological basis of biological and cultural evolution is addressed. |
| Subjects: | | Conspicuous consumption Economic theory development Evolutionary economics Darwinism Cultural evolution |
| JEL: | | B41 B52 A12 D11 C60 |
| Document Type: | | Working Paper |
| Appears in Collections: | | Papers on Economics and Evolution, MPI für Ökonomik
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